Although the revenue and EPS for Synchrony (SYF) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Synchrony (SYF) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.48 per share a year ago.
SYF is expected to have been impacted by lower purchase volumes and deteriorating net interest margins.
Beyond analysts' top -and-bottom-line estimates for Synchrony (SYF), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
SYF's recent launch of an innovative integration between CareCredit and Pets Best insurance is aimed at simplifying the pet care payment process for pet parents.
Synchrony (SYF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
SYF is well-poised for growth due to its expanding partnerships and loan receivables portfolio.
SYF renews its long-term partnership with DICK'S Sporting Goods, enhancing the ScoreRewards Credit Card program and driving growth in the retail finance sector.
SYF and Albertsons Companies collaborate to offer CareCredit as a financing option at nearly 2,200 stores.
Synchrony Financial has doubled in value since 2016, benefiting from a favorable consumer lending environment and initiating dividends, making it a strong value investment. The company maintains a solid financial position with a price/book ratio of 1.20 and a P/E ratio of 7.94, indicating value potential. Key risks include intense competition, reliance on US consumer credit, and the need to manage credit risks and maintain retailer partnerships.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.